Seven questions for AML task force President Marcus Pleyer

Table of contents

• Is FATF considering drafting standards for how banks and businesses use AI and other technology to improve compliance?
• Do you expect FATF to issue new guidance on how to balance risk and privacy in this field?
• Do you think FATF should make changes to the way it does some of its work, such as mutual evaluations (MEs)?
• What would you like to see the time frame shortened to?
• Have regulators improved how they handle companies that are guilty of money laundering or other misconduct?
• You say regulators are more aware, but they don’t seem to be improving on results, enforcement or prosecutions
• Can you give an example of a new approach you will take?

Article summary

Law360, London: Marcus Pleyer, the new president of the Financial Action Task Force (FATF), talks to Law360 about his priorities, including the risks posed by crypto-assets and the role of artificial intelligence (AI) in enforcement.